Articles
DING Meng, ZHANG Xiaoqing, CHENG Yu, GUO Fuyou, ZHENG Chenrouyu, REN Jiamin
Declining resource-based cities, as "problem regions" in China's regional development, have seen cross-regional investment becoming an important means to accelerate inter-regional flows of production factors and promote their own transformation and development with the reduction of their comparative advantages. Based on data of cross-regional investments by enterprises in China's declining resource-based cities from 2001 to 2022, this study analyzed the characteristics of investment scales, investment distances, and investment field characteristics, adopted the social network analysis method to analyze the evolution trend of the cross-regional investment networks by enterprises, and further examined the influencing factors from both the push and pull perspectives. The results show that: 1) The scale of cross-regional investment by enterprises in China's declining resource-based cities gradually increased from 2001 to 2022, and cities in central China gradually became the main cross-regional investment subjects. There was a significant local preference in the process of enterprise cross-regional investment, but medium and long-distance investments had increased in recent years, showing the feature of "contraction at both ends and expansion in the middle". 2) Manufacturing and producer services were not only the main sectors for outward investment but also key recipient sectors. Over time, the invested producer services had experienced obvious changes from wholesale and retail trade to scientific research and technical services. 3) The complexity and intensity of the enterprise cross-regional investment network continued to increase; however, the spatial structure remained relatively decentralized, with weak connections between cities. During the study period, the polarization of the strongest ties had weakened, and structural adjustment within the network was evident. 4) The enterprise cross-regional investment network exhibited a significant modular structure, with new nodes increasingly integrating through cross-module collaboration, highlighting a growing hierarchical trend. Additionally, the enterprise cross-regional investment network was transitioning from a distinct core-periphery structure towards a more balanced state. 5) The influencing factors varied significantly across different stages. The economic vitality of declining resource-based cities and the geographical distance between the investing and receiving cities consistently remained the primary factors affecting cross-regional investment by enterprises. This study contributes to a deeper understanding of the spatial structure and key influencing factors of enterprise cross-regional investment in declining resource-based cities, providing a scientific support for optimizing the path selection and decision making of cross-regional investment and promoting regional coordinated development. The research findings may serve as a reference for other types of resource-based cities.